New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-08
WHERE IS AMERICAN TIM
thy CORNER STARTS A SEARCH FOR 1T.
,Auuny OF MANY PROMISING FIELDs-THE HAR'

,AuuRr OF MANY PROMISING FIELDs-THE HAR.
NEY PEAK MINE.
In view of the present great interest In the Tin mar
s.t tho question of American tin production has again
eome 10 the surface For many years excitement over
tho discovery of rich tin fields has appeared from time
% time and has died out each when the san
rulne projectors of the various schemes found out tho
true state of aHars-n no case thus far encouraging
Among all these booms.n the one which was started
year and a half two years ago by James wilson,,
of oleomargarnc fame, was undoubtedly the most
prominent The assays of ore from the Harvey Peak
claim I'm Dakota by experts represented show
ing tin deposits there which would produce more and
better metal than the celebrated mines Of Cornwall
No special trouble taken dispose OF the stock,
and undoubtedly the oriGnators Of the Harvey PEAK
Mining Company had and perhaps still have, faith In
the development Of their property. However, the
excitement died out, and heard more OF the won
derfu deposits.
THE AMOUNT OF TIN THAT HAS COME FROM DAKOTA.
Now that tin has been pushed to higher price IMAM
II has commanded IT has become matter OF spccu
lation as to whether the Dakota tinfcld was IN any
way responsible for the increased supply which has
been noticeable during the month. stockholder
of the Harvey Peak Company seen and said, :" l
have several shares Of the Harvey Peak which should
like sell at cost put the amount paid Tor thcfn
on my prOft-andloss account the day bought them.
However am sure that no misrepresentation have
been made as to the merits of the property and was
on the auditing committee at time, and audited
bills for machinery bought and used amounting
to S55, 900, With this money a small mill was put
up the property and few tons Of tin were actually
produced and sent to Europe. The little plant was
found unsatisfactory because Americans know nothing
about tin mining and total loss. OF the tin pro-
duced there is pig on exhibition in the Metal Ex-
change, and that pig is probably the only Harvey Peak
pig in tho world All In all, some 100000 has been
expended tho property and yet nothing has been
realized Among the stockholders are some very
strong men. and III. X. Thurber has invested $4,000
In the mine and James Flanagan about $4,000, and
LOWS May, Ehret and Causen the brewers, and John
Parsons also deeply interested. Some time ago
the company found it Necessary to go TO England TO
develop the mine properly. The scheme was success
full in that they got such men as Lord Thurlow and
Mr. Chiders, exChancellor of the Exchequcr, on the
directory.
about this time Marks, the Editor of The London
Financial News published letter from man named
Wilson. of Rapids City, ID. T., speaking Of the mine as
fraud Bo,h are now under Indictment Tor o .I
Ing engineer named Vincent to the property 10 nvcs-
tigate IT, The report of the experts has not as yet
A well-known New-York mining expert was seen
short time later and said; Il was sent to Dakota 10
look at the property and reported that there was plenty
OF tin there There undoubtedly is plenty OF TN, but
getting G s out + anS9eF ma aGG found a up a at
ney Peak ore could be reduced at cost of about
pTce Of be metal At present prices the metal could
Is large All they want faith in the market but that
Is a difficult thing to find just now"
OMNIBUS CALM IN THE MARKET
The tin market maintains omnOus quiet which
by some IS looked upon preceding crash. Others
hold that the French syndicate has sufficient capital
TO take its tin on December contracts about TO be de-
Iivered. in which the fall which nearly all look
upon Inevitable would be pos pOncd until January
If the syndicate does take its December deliveries 600
tin Is talked OF. Prices hero yesterday were quiet,
but firm at "A 6jl0O 80 spot. 81 10 30 Ii fut-
ureS. London closed slG5 for spot on December u,
and 1865 yesterday.
Copper is looked upon as much safer investment,
because of those who went into the French synd
cate are actually large consumers and are not inter-
esfcd I'm tin lead Besides the supply Is less than
the consumption and the prices. though better than
they have BEEN abnOrmally large. nor do they
approach the maximum The market here was quiet
and a shade easier but closed moro active and fairly
steady. Trading amounted to 100000 pounds.
Lead closed steady TO firm al l1-lOO. About
sixtythyc tons were sold.